Barnes & Noble 1Q loss widens; Riggio ends offer

NEW YORK • Barnes & Noble says it plans to keep making its Nook electronic readers and will focus on offering content to its customers, even as its first-quarter net loss nearly doubled. The quarterly results came as the struggling bookseller’s chairman said he is abandoning his bid for the company’s retail stores. Shares tumbled 12 percent in midday trading. Barnes & Noble is reviewing its strategy in the wake of CEO William Lynch’s departure in June and continuing declines in Nook revenue, a u...

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